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Kazan, Russia - Oct 28, 2021: FTX is a cryptocurrency exchange. A smartphone with the FTX logo on the background of the live trading webpage. FTX dashboard.
Crypto Analyst Predicts 400% Surge Potential for FTT
Recent bullish momentum of FTT indicates potential for a 400% surge, drawing strong interest from traders and analysts alike. This prediction comes on the back of a clear bullish wave since late 2023 that positions FTT as a key contender for independent market performance.
In a recent post on TradingView, well-known crypto analyst Alan Santana noted that FTT token has shown a notable bottoming pattern since late 2023, with additional evidence in July 2024. Notably, the lower low in July arrived earlier than predicted, suggesting possible separation from the larger market. According to Santana, assets that deviate from the overall trend often act autonomously and may even move opposite to other assets while remaining unaffected.
FTT’s bullish momentum has been particularly pronounced since September of this year, with a decisive break above resistance levels indicating a strong possibility of further price appreciation. This development is a significant turnaround for FTT, which had been underperforming the broader market in the past.
Santana emphasizes that traders must be prepared for both potential upside and downside risks while navigating these uncharted waters. While it’s impossible to predict with certainty what will happen, one thing is clear: the current trend strongly suggests a significant upswing.
Source: www.crypto-news-flash.com
